North America Orthopedic Surgical Energy Devices Market, By Product (Hand Pieces and Accessories), Technology (Radiation, Radiofrequency, Ultrasound, Microwave, Others), Application (Hip, Knee), End User (Hospital & Clinic, Ambulatory Surgical Centres (ASCs) and Others), Distribution Channel (Direct Tender, Third Party Distributors), Country (U.S., Canada, Mexico), Market Trends and Forecast to 2029
Market Analysis and Insights: North America Orthopedic Surgical Energy Devices Market
North America orthopedic surgical energy devices market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.6% in the forecast period of 2022 to 2029 and is expected to reach USD 752.23 million by 2029 from USD 407.52 million in 2021. The rise in incidence in trauma and injury cases and technological advancements in the orthopedic surgical energy devices are likely to be the major drivers which propel the demand of the market in the forecast period.
The orthopedic surgical devices are devices, which are implemented to correct the bone deformities and to restore the function of the human skeletal system. The orthopedic surgical devices use radiation, radio frequency, and ultrasound to seal the skin and bone tissue. The orthopedic surgical energy devices require an energy source, such as an electrosurgery generator (ESU), and an instrument to transfer the energy to the patient. The important types include radio frequency (RF), which is modified electrical current, and ultrasound, which converts electrical current into mechanical motion. More specialized technologies include those that use argon gas, plasma, or a combination of technologies.
The types of orthopedic surgical energy devices are handpieces and accessories. The orthopedic handpieces are used by doctors of the orthopedics department to create holes in bones. Common reasons for drilling bones in surgery are fixing implants and fitting prosthetic devices. The bone drill is sometimes referred to as a saw, and certain types can also be used manually, although this is less common at present. The orthopedic accessories assist in support and protection to injuries and sources of pain in the body.
- In this mode of treatment, the orthopedic surgical energy devices are engineered, to provide less pain after surgery for other factors, which give the orthopedic surgical energy devices an edge over other existing surgical energy devices. The technological developments aim to reduce the invasive pain caused during the bone surgery. The orthopedic surgical energy devices are applied for vital surgeries such as hip replacement, total hip arthroplasty, knee replacement, and total knee replacement.
The driving factors responsible for the growth of the North America orthopedic surgical energy devices market are the rise in the number of orthopedic surgeries, rise in geriatric population, technological advancements in orthopedic surgical devices, and the rise in incidence of sports and trauma injuries. However, the factors expected to restrain the market are the high cost associated with the orthopedic surgical energy devices and lack of skilled professionals. Moreover, the strategic initiatives by market players and the rise in healthcare expenditure will drive the orthopedic surgical energy devices growth.
The Orthopedic surgical energy devices market report provides details of market share, new developments, and impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
North America Orthopedic Surgical Energy Devices Market Scope and Market Size
North America orthopedic surgical energy devices market is segmented on the basis of product, technology, application, end user, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
The North America orthopedic surgical energy devices market is categorized into five notable segments based on product, technology, application, end user, and distribution channel.
- On the basis of product, the North America orthopedic surgical energy devices market is segmented into handpieces and accessories. In 2022, the handpieces segment is expected to dominate the North America orthopedic surgical energy devices market due to the availability of handpieces from various companies and manufactures due to globalization and its advantages over conventional surgical devices.
- On the basis of technology, the North America orthopedic surgical energy devices market is segmented into radiofrequency, radiation, ultrasound, microwave, and others. In 2022, the radio frequency segment is expected to dominate the North America orthopedic surgical energy devices market since it is safe to use and provide rapid relief from orthopedic pain.
- On the basis of application, the North America orthopedic surgical energy devices market is segmented into hip, knee, and others. In 2022, the knee segment is expected to dominate the North America orthopedic surgical energy devices market due to rise in knee replacement surgeries in the U.S. For instance, in 2020, around one million knee replacement surgeries have been performed in the U.S.
- On the basis of end users, the North America orthopedic surgical energy devices market is segmented into hospitals and clinics, ambulatory surgical centers (ASC), and others. In 2022, the hospital and clinic segment is expected to dominate the North America orthopedic surgical energy devices market due to the availability of good healthcare infrastructure in North America, and hospitals and clinics are easily accessible to each section of society.
- On the basis of distribution channel, the North America orthopedic surgical energy devices market is segmented into direct tenders and third party distributors. In 2022, the direct tender segment is expected to dominate the North America orthopedic surgical energy devices market as prices are reasonable when goods are purchased directly from the manufacturers.
North America Orthopedic Surgical Energy Devices Market Country Level Analysis
The North America Orthopedic surgical energy devices market is analysed, and market size information is provided by product, technology, application, end user, and distribution channel.
The countries covered in the North America Orthopedic surgical energy devices market report are the U.S., Canada, and Mexico.
In 2021, the the U.S. is dominating due to the presence of the market's key players and has high GDP. Moreover, the U.S. has the highest household spending in the world and offers trade agreements with several countries making it the largest market for consumer products, including products for orthopedic surgical energy devices due to the presence of major market players and increased technological advancement in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
The growth potential for orthopedic surgical energy devices in emerging economies and the strategic initiatives by market players are creating new opportunities in the North America orthopedic surgical energy devices market
North America orthopedic surgical energy devices market also provides you with detailed market analysis for every country growth in a particular industry with the orthopedic energy devices sales. The impact of advancement in the orthopedic surgical energy devices changes in regulatory scenarios with their support for the orthopedic surgical energy devices. The data is available for historic period 2019 to 2020.
Competitive Landscape and North America Orthopedic Surgical Energy Devices Market Share Analysis
North America orthopedic surgical energy devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the orthopedic surgical energy devices market.
The major companies providing the global orthopedic surgical energy devices are Medtronic, Stryker, CONMED Corporation, KARL STORZ, Smith & Nephew, Auxein Medical, MatOrtho Limited, Zimmer Biomet, B. Braun Melsungen AG, boston Scientific Corporation, Soring GmbH, Apothecaries Sundries Mfg. Co., Nouvag AG, De Soutter Medical, Misonix (Bioventus, Inc), Olympus Corporation, DePuy Synthes (Johnson and Johnson, Inc.), Portescap among others.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The strategic initiatives by market players along with new technological advancements for North America orthopedic surgical energy devices is smoothing the surgical process of orthopedic surgeries.
For instance,
- In September 2021, Stryker had launched the tendon fixation device system during the American Orthopedic Foot & Ankle Society (AOFAS) annual meeting. The tendon fixation system consists of the bioresorbable material which is suitable for the treatment of trauma injuries. The product launch would result in tendon fixation device system, being added in the biomaterial portfolio and the availability of the tendon fixation system in orthopedic hospitals and clinics in North America and Europe.
Collaboration, joint ventures, and other strategies by the market player are enhancing the company market in the orthopedic surgical energy devices market, which also benefits the organisation to improve their offering for North America orthopedic surgical energy devices market.
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